Cyanco to launch $75 million incremental term loan on Wednesday

By Sara Rosenberg

New York, Oct. 22 – Cyanco Intermediate 2 Corp. will hold a lender call at 2:30 p.m. ET on Wednesday to launch a $75 million incremental covenant-light first-lien term loan due March 2025, according to a market source.

Deutsche Bank Securities Inc. is the lead arranger on the deal.

The term loan has a 0% Libor floor, the source said.

Commitments are due at 5 p.m. ET on Oct. 30.

Proceeds will be used to refinance existing debt.

Cyanco is a Pearland, Texas-based supplier of sodium cyanide used for the extraction of gold and silver.

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